Also in this playlist...
This transcript is automatically generated
They -- holding its ground despite the sell off after reporting better -- that are.
-- -- how his company.
Playing for keeps is hitting first on fox business and every Paul -- -- all of GameStop great to see Paul thanks for coming in appreciate.
Great to be with you live and so evocative -- Well we we had a good quarter were very pleased you know it was led by new software growth was 13% up year over year led by some great titles.
You know we saw a -- from electronic arts called battlefield bad company two the did very well we had a Sony title.
-- of -- three we also had a great Pokemon title from Nintendo so.
All around the world in all of our operations in various countries new software really led the way and we were able to gain significant market share.
In all those new title launches so we're very pleased with that.
Well I love your story Paul because you know we at Fox Business have been following it through the past two years.
And each time you come on that you have stuck to a plan and you've also moved it in whatever direction you felt was important so it was both.
That ability to have an idea on the horizon but.
Nonetheless one of the things that you have held steadfast with is that you guys also are making -- big market in used games which works perfectly.
With the sensibility of -- consumer in the US that is way more austere and people are looking toward GameStop is a place.
But they can actually save some money how are you developing the used game and of your business.
That's right -- are you know are used game business are buy sell trade model is something really unique to GameStop but we grew it 4% last quarter overlapping 3233%.
Growth last year.
And you know what we have found is is that the buy sell trade model really is an opening price point business that provides incredible value to consumers now.
And our ability to provide trade credits really subsidizes and creates growth in the new business.
So the -- worked together extremely well and our investment in refurbishment and manufacturing facilities around the world.
Is really making a stronger and stronger at that buy sell trade ecosystem okay.
We got some good news and aired a little bit of bad news here which is that sales of video games plunged 26%.
Over the year through April.
How do you -- that tread -- me if people -- crime -- -- talked about used games but that only goes so far.
Yeah it's a great point David you know the industry has had some headwind in terms of overlaps of growth in our industry data has been tough to overlap.
We of course have continued to gain -- through all of that and sometimes.
You know we try to focus on what GameStop is doing to help grow our new software but I will tell you we continue to focus on pre marketing and creating.
Excitement with consumers around our new title launches so we can keep moving that number north.
At the same time we see that our investments in digital gaming are continuing to pay dividends you know as we're able to convert.
More and more of our customers who want not only physical gaming.
But they also want to participate in a browser game or maybe downloadable content for a physical game that they -- in our stores so.
We see that the opportunity to provide multi channel solutions for those customers and give them that trade currency continues to be very effective.
The fall we're looking at the soccer here and I don't see David's a baseball fan I'm a hockey fan but.
Fifa soccer is absolutely massive June here comes the World Cup what is this gonna do for your business.
Well we think it's an exciting title we've been in touch -- With the -- the publisher that title and we're excited we'll be launching it in our stores like every other title -- some exciting downloadable content opportunities.
That are coming that will be merchandising and selling obviously the World -- a big event for us in Europe as well.
And all of our stores.
And will be following it closely -- very exciting titles.
We'll continue to have fun Paul because that's the essence of what you could fill a they're lucky you have to be -- a business where people are having fun you're selling fund which is a good thing to do.
Filter by section